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 Home >> Consolidated financial statements>> Group balance sheet

Group balance sheet
as at 31 March 2003

2003 2002
Notes £m £m






Fixed assets
Intangible assets 20 218 252
Tangible assets 21 15,888 16,078
Investments in joint ventures: 22
   Share of gross assets and goodwill 741   2,452  
   Share of gross liabilities (610  ) (1,998 )






 
Total investments in joint ventures 131   454  
Investments in associates 22 27   224  
Other investments 22 397   543  
Total investments 22 555 1,221






Total fixed assets 16,661 17,551
 
Current assets
Stocks 82   111  
Debtors:        
   Falling due within one year 4,413   5,041  
   Falling due after more than one year 630   231  






 
Total debtors 23 5,043   5,272  
Investments 24 6,340   4,581  
Cash at bank and in hand 91   158  






 
Total current assets 11,556   10,122  






 
Creditors: amounts falling due within one year        
Loans and other borrowings 25 2,548   2,195  
Other creditors 26 7,132   7,195  






 
Total creditors: amounts falling due within one year 9,680   9,390  






Net current assets 1,876 732






Total assets less current liabilities 18,537 18,283






Creditors: amounts falling due after more than one year
Loans and other borrowings 25 13,456 16,245
Provisions for liabilities and charges
Deferred taxation 27 2,017   2,140  
Other 27 359   184  
Total provisions for liabilities and charges 2,376 2,324
Minority interests 63 72
Capital and reserves
Called up share capital 28, 37 434   434  
Share premium account 28 2   2  
Other reserves 28 998   1,025  
Profit and loss account 28 1,208   (1,819 )
Total equity shareholders’ funds (deficiency) 28 2,642 (358 )






18,537 18,283






The financial statements found on the following pages; Consolidated financial statements, United States Generally Accepted Accounting Principles and Subsidiary undertakings, joint ventures and associates, were approved by the board of directors on 21 May 2003 and were signed on its behalf by

Sir Christopher Bland Chairman
Ben Verwaayen Chief Executive
Ian Livingston Group Finance Director

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